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Entegris opens new 'i2M' site

BEDFORD -- Entegris Inc., a Billerica-based materials and solutions provider to the microelectronics industries, is christening its new $55 million advanced-materials building on Crosby Road.

In a press release, Entegris officials said the so-called i2M Center for Advanced Materials will be used to develop break-through filtration and specialty-coatings technologies to maximize production yields in the world's most demanding microelectronics-manufacturing environments.

"i2M stands for 'ideas to market' and we intend for this facility to be our flagship innovation center for solving very difficult materials-science challenges," said Entegris CEO Bertrand Loy, in a statement. "Our customers run extremely complex manufacturing processes and the i2M Center reflects our commitment to developing truly innovative solutions to support their process advancements."

The facility employs 100 people, many of whom hold doctorates and other advanced degrees in material-separation science and chemical engineering, Entegris said.

Loy said the company evaluated several locations for the new building.

"We chose Massachusetts because it is at the epicenter of some of the best engineering talent in the world," he said.

Entegris' technology solutions enable the production of semiconductor devices and electronics, which are the fundamental building blocks of high-tech products such as computers, smartphones, TVs and cars.

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Founded in 1966, Entegris has about 350 employees in Massachusetts and about 3,500 employees worldwide. It closed a deal to acquire Danbury, Conn.-based ATMI in April.

It posted 2013 revenues of $693.5 million.

Entegris' headquarters are at 129 Concord Road in Billerica.

Shares of Entegris closed Tuesday at $12.62, up 14 cents. Shares have risen 8.3 percent so far this year.

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